Alphabet Prices $84.75B Capital Package, With Up to $40B More Planned
Alphabet priced an $84.75B capital package in June, later confirmed in an SEC filing. The deal comprises $18B in common stock, $16.75B of mandatory convertible preferred securities, and a $10B placement to Berkshire Hathaway. Shares fell 1.7% after the news, while Alphabet can raise up to $40B more via an at-the-market program largely for tax coverage tied to employee equity awards.